Lanka IOC & Sinopec Hike Octane 95 Petrol Price by Rs20 š
ā¢ Price Revisions: Private fuel distributors Lanka IOC and Sinopec increased the retail price of Octane 95 petrol by Rs20, moving from Rs475 to Rs495 per liter, effective midnight October 25. ā¢ Unchanged Fuel Rates: Prices for Octane 92 petrol, Auto Diesel, and Super Diesel remain unchanged across private operators, while state-owned Ceylon Petroleum Corporation (CPC) continues selling Octane 95 petrol at Rs475 per liter. ā¢ Supply Constraints & Market Impact: Fuel queues and localized shortages were reported at several retail outlets due to restricted supply releases. ā¢ Macroeconomic Context: Private operators report incurring operational losses under the government's regulated price ceiling, prompting restricted fuel distribution to the domestic energy market.